Eight years after the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 are forgotten — and our financial system is just as vulnerable as ever. We know that our government failed to fix the banking system after the subprime mortgage crisis. But it’s not just banks.
The misguided financial practices and ideological assumptions that nearly toppled the global financial system have come to infiltrate all American businesses, putting us on a collision course for another cataclysmic meltdown.
Please join Roosevelt Institute Fellow Mike Konczal, New America’s Political Reform and Open Markets programs, Makers and Takers author Rana Foroohar for a conversation about the consequences of financialization, which perpetuates Wall Street’s reign over Main Street, widens the gap between rich and poor, and threatens the future of the American Dream, moderated by New America’s Mark Schmitt.
Thursday, June 23, 2016
12:15 PM – 2:00 PM ET
740 15th Street NW, Suite 900
Washington, D.C. 20005
Copies of “Makers and Takers” will be available for sale.
Mike Konczal is a Fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy. His blog, Rortybomb, was named one of the 25 Best Financial Blogs by Time magazine. His writing has appeared in the Boston Review, The American Prospect, the Washington Monthly,The Nation, Slate, and Dissent, and he’s appeared on PBS NewsHour, MSNBC’s Rachel Maddow Show, CNN, Marketplace, and more. Follow Mike on Twitter @rortybomb.
Rana Foroohar is an assistant managing editor at TIME, and writes the Curious Capitalist column. She is also CNN’s global economic analyst. Her book, “Makers and Takers: The Rise of Finance and the Fall of American Business,” about why the capital markets no longer support business and how that’s creating slower growth and greater inequality, will be published by Crown in May of 2016.
Prior to joining TIME and CNN, Foroohar spent 13 years at Newsweek, as an economic and foreign affairs editor and a foreign correspondent covering Europe and the Middle East. During that time, she was awarded the German Marshall Fund’s Peter Weitz Prize for transatlantic reporting. She has also received awards and fellowships from institutions such as the Johns Hopkins School of International Affairs and the East West Center. She is a life member of the Council on Foreign Relations. Foroohar graduated in 1992 from Barnard College, Columbia University. She lives in Brooklyn with her husband, the author John Sedgwick, and her two children.